Macro Quiz 5

Macroeconomics

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 6.66 out of 6.66 points Correct 1. The most important determinant of consumer spending is: A) the level of household debt. C) the stock of wealth. B) consumer expectations. D) the level of income. Question 1 answers Selected Answer: Correct D Correct Answer: Correct D Question 2 text Question 2 6.67 out of 6.67 points Correct 2. The average propensity to consume indicates the: A) amount by which income exceeds consumption. B) relationship between a change in saving and the consequent change in consumption. C) percentage of total income that will be consumed. D) percentage of a change in income that will be consumed. Question 2 answers Selected Answer: Correct C Correct Answer: Correct C Question 3 text Question 3 6.67 out of 6.67 points Correct 3. If Ben's MPC is .80, this means that he will: A) spend eight-tenths of any increase in his disposable income. B) spend eight-tenths of any level of disposable
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
income. C) break even when his disposable income is $8,000. D) save two-tenths of any level of disposable income. Question 3 answers Selected Answer: Correct A Correct Answer: Correct A Question 4 text Question 4 6.67 out of 6.67 points Correct 4. Dissaving occurs where: A) income exceeds consumption. C) consumption exceeds income. B) saving exceeds consumption. D) saving exceeds income. Question 4 answers Selected Answer: Correct C Correct Answer: Correct C Question 5 text Question 5 6.67 out of 6.67 points Correct 5. If the marginal propensity to consume is .9, then the
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This homework help was uploaded on 04/09/2008 for the course EC 133 taught by Professor Pranzo during the Spring '08 term at New Haven.

Page1 / 7

Macro Quiz 5 - Question 1 Correct 6.66 out of 6.66 points...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online